Chariot outlines next-phase exploration goals offshore Morocco
Chariot Oil & Gas plans to seek partners to co-fund exploration drilling on the Mohammedia and Kenitra permits offshore Morocco.
In both cases the company has a 75% operated interest, with state oil company ONHYM assigned 25% (carried).
Mohammedia is inboard of Rabat Deep, where the company partnered Eni in a recent unsuccessful exploration well, and spans water depths of less than 500 m (1,640 ft).
Kenitra, adjacent to Mohammedia, is in water depths of 200-1,500 m (656-4,921 ft).
Previous analysis of 3D data acquired in 2014 highlighted the LKP group of prospects in the shallower Lower Cretaceous clastic play, with the potential 350-MMbbl LKP-1a identified as a priority drilling target.
Another is the 464-MMbbl Kenitra-1 prospect, currently interpreted as an attribute-supported combination stratigraphic and fault-closed structural trap in the Lower Cretaceous marine sequence.
Preparations for drilling are already under way, with environment impact assessment preparation, preliminary geohazards and pore pressure analysis, and conceptual well engineering.
Depending on the outcome of the partnering process, back-to-back wells could be drilled on the two main prospects.